Today's Technical View on United States Steel, Gerdau, Commercial Metals, and Mechel OAO

Today's Technical View on United States Steel, Gerdau, Commercial Metals, and
                                  Mechel OAO

PR Newswire

LONDON, April 8, 2013

LONDON, April 8, 2013 /PRNewswire/ --

Weak job data hurt equities throughout Friday's session and all major indices
closed moderately lower, showing across the board weakness. The coming week is
also likely to produce a weak performance as concerns about economic growth
grow. Political uncertainty with North Korea is also expected to keep markets
subdued. Our research team analyzed the Basic Material sector and tracked the
performance of major companies like United States Steel Corporation (NYSE: X),
Gerdau SA (NYSE: GGB), Commercial Metals Company (NYSE: CMC) and Mechel OAO
(NYSE: MTL) from the Steel & Iron industry. StockCall initiated free in-depth
technical analysis on X, GGB, CMC, and MTL which are currently available upon
sign up at

http://www.stockcall.com/research

United States Steel Corporation closed its Friday's trading session at $17.28,
down 1.54 percent from its previous close. The stock shows a bearish trend but
currently is in oversold territory with a Relative Strength Index of 23.66. It
is likely to move up in the coming trading sessions and may find support at
$17.02. Upon breaching this level, it may go down to $16.88 level. The company
traded 10.85 million shares during the session, and its stock oscillated in
the range of $17.01 and $17.53. The stock has declined 24.97 percent in the
past 52 weeks. It is currently trading below its 20-day moving average price
of $19.44, confirming its bearish level. Sign up for the free technical
analysis on X at

http://www.StockCall.com/X040813.pdf

Gerdau SA is currently trading above its 20-day and 50-day moving average
price and is in a neutral mode. It also ended its latest trading session 3.13
percent higher at $7.58, further confirming this trend. Gerdau exchanged 6.61
million shares during Friday's session, above its regular trading volume of
6.11 million. The stock has underperformed the broader markets and has lost
14.25 percent so far this year. However, it is likely to go up to $7.63 in the
coming trading sessions. Its second resistance level is at $8.24. The company
commands market capitalization of $13.04 billion. Download the free report on
GGB by registering at

http://www.StockCall.com/GGB040813.pdf

Commercial Metals Company closed its Friday's trading session with a mild
downward movement, accompanied with above average volume. The stock ended at
$14.41, down 0.07 percent from its previous close. It traded in the range of
$14.14 and $14.48 during the session. The company is highly volatile as it
commands beta of 1.57. The company's current market capitalization stands at
$1.68 billion. The stock has lost 0.96 percent in the past 52 weeks.
Commercial Metals is likely to touch $14.80 in the coming session. Upon
breaching this level, its second resistance price stands at $15.04. The free
report on CMC can be downloaded by signing up now at

http://www.StockCall.com/CMC040813.pdf

Mechel OAO made a downward movement with 0.88 percent decline in its latest
trading session. The company's stock ended at $4.48, down 0.88 percent. Its
highest price point for the session stood at $4.52. In the past 12 months, the
stock has declined 50 percent while its YTD loss stands at 33.83 percent.
Mechel OAO trades at beta of 2.91, which implies high volatility. It traded
1.15 million shares during the session, in comparison to its regular daily
volume of 2.13 million shares. Free report on MTL can be accessed by
registering at

http://www.StockCall.com/MTL040813.pdf

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